Up acronym for not as bad as fear while it seems to gain on the surface, the nasdaq rising 0. 40 , underneath there were some bewildering moves that remind us the market doesnt always behave the way we expect it to. In particular, a bunch of stocks rallied today, even though they reported what looked like simply awful numbers. If youre befuddled, you have come to the right place. How does the stock end up going higher in the wake of a seemingly ugly quarter, its all about my buddy, pal, friend nabaf. Let me show you how it works we start with the railroads. The railroads are the best example. All aboard this Morning Union pacific reported by what even by its own admission was a disappointing quarter. [ crying ] their sales were weaker across every single cargo line. Unreasonable downtown 20 . Premium, that includes the position down 9 , ag off 1 . Industrial down 1 the cause of this weakness some cargos have been troubled for a long time, like coal but most of them are just plain econo
Trade talks in october and some disappointing data here at home. Home price growth loses momentum Consumer Confidence numbers fall sharply. We are covering all angles of the market and developments out of washington with bob pisani, eamon javers, and ylan mui, also standing by. First, lets bring in steve grasso from Stuart Frankel hes joining us for the entire final hour of trade. What do you make of the price action around these headlines around impeachment i think its what you said, it was the u. N. Presentation and then it led to a little harder stance on china and it went from there to the impeachment hearings or the impeachment process. And then when President Trump said hes going to release the transcripts, the market rallied. Because how incriminating could it be if they were going to release it, right right, they thought there was a smoking gun issue that was going to arise, so if he was going to release it, maybe that wasnt the case, and were back to the impeachment process ag
Comedian nikki glaser, and featuring the legendary roots crew. Questlove 694 steve and now, here he is, jimmy fallon [ cheers and applause ] jimmy whoa. Yo, thank you, please thank you very much jimmy [ cheers ] jimmy welcome to the tonight show. [ cheers ] i know, im laughing at it too. Im laughing at it. [ laughter ] steve want some chocolate milk . Jimmy im your host whos been drinking chocolate milk . [ light laughter ] im your host jimmy fallon. Hey, you guys, this sunday is fathers day, you guys. [ cheers and applause ] and if youre just finding that out now, no the card wont get there in time. So dont worry anymore. [ laughter ] lets get to some news here, though. I saw that the Trump Organization is opening up a a patriotic hotel chain called american idea. Its just like a regular hotel, but when you call the front desk to complain about something, the concierge says, fake. Fake. [ laughter and applause ] steve wow. Jimmy fake news. It seems like everyday theres another crazy s
And featuring the legendary roots crew. Questlove 694 steve and now, here he is, jimmy fallon [ cheers and applause ] jimmy whoa. Yo, thank you, please thank you very much jimmy [ cheers ] jimmy welcome to the tonight show. [ cheers ] i know, im laughing at it too. Im laughing at it. [ laughter ] steve want some chocolate milk . Jimmy im your host whos been drinking chocolate milk . [ light laughter ] im your host jimmy fallon. Hey, you guys, this sunday is fathers day, you guys. [ cheers and applause ] and if youre just finding that out now, no the card wont get there in time. So dont worry anymore. [ laughter ] lets get to some news here, though. I saw that the Trump Organization is opening up a a patriotic hotel chain called american idea. Its just like a regular hotel, but when you call the front desk to complain about something, the concierge says, fake. Fake. [ laughter and applause ] steve wow. Jimmy fake news. It seems like everyday theres another crazy story coming out of the
Hard selloff is this advance meaningless as the recent decline look, i want to say it had more substance given its magnitude, the dow gaining 196 points nasdaq vaulting 1. 36 . But we are in a totally erratic moment in a totally erratic month where i believe one day never seems to beget the next. But that doesnt mean we cant ponder why we went up to measure the meaning of this rally. I came up with 12 reasons why it happened, and some of these reasons have enough staying power to keep the advance alive. Lets start with copper. Thats right copper is breaking out to a threeyear high. This means something because its used to build things. It means weve got a stronger Global Economic growth spurt than people are talking about. A necessary ingredient for any sustained advance. Thats why the stock of free port has been the Market Leader. Largest Copper Company we have caterpillar is right behind them you need cat machine it is youre going to have a mineral rally. This move is also including